That has been a big frustration for us, especially when we hear so often that people are buying and selling properties without using any of their own money.I recently got involved with a very successful real estate investor as their webmaster and affiliate program manager (which is coming soon).

They are asking because they don't qualify for a 100% program or they want you to lend them some fix it up money.

I've NEVER been to any of the pay seminars, or bought any of the programs, although I've read lots of the books (library) and heard some tapes (let me borrow it for a couple of days to see if I want buy it).Back in the day when I was still working (I was a sales rep) I would go sometimes to the Zig Ziglar and others "motivational/sales/postivie thinking" day long events.

Its not a good system at all..........I know alot of REO Real Estate agents that hate the program because they get calls on properties with people thinking the realtytrac price is the actual going rate of the home wanting to put offers 40% below list price.There's other ways to skin a cat, and i'd NEVER EVER subscribe to a program like that.

You don't need to be under contract to get a proof of funds letter (the equiv. of a pre-qualification letter in the rehab world)...The repair then reimbursement model is prescribed to by most lenders, but there are loan programs that will allow up to a 10% draw in advance to get you started.

Although urban legend has it that has been a rash of these I think a search will find that there has only been ONE, and when political heat got turned up the HOA reversed themselves and deeded it back to the elderly lady in exchange for the overdue dues and some nominal late charges.I got into a discussion on this or another board a few months ago with some folks who told me about all of them because they had "heard all about it on a radio program", that was when I did the search.

I send them all my business for my credit repair program for auto dealers.

Walace D Wattles has some amazing literature...Free Ebook: http://www.scienceofgettingrich.net/This is what inspired The Secret and I read this after watching the DVD.Free Ebook: http://www.scienceofbeingwell.net/Forget fancy weight loss programs, this is down to earth practical advice.Free Lessons: http://www.myspace.com/ozlatThe teachers of The Secret provide free lessons and course on SGR.

My father keeps telling that government programs exist to help out first time buyers.I did a quick search but couldn't really find anything.Do such programs exist?

Most programs for high ltv NOO combo loans (meaning a first/second combined) have gone away.